Eagle Rock Energy upsizes revolver by further $80 million

New York, Aug. 18 - Eagle Rock Energy Partners, LP said it increased its senior secured credit facility by a further $80 million, raising the total amount to $980 million.

The partnership previously increased it by $100 million in an accordion exercise that closed on July 23 and added the extra $80 million through a further accordion exercise on Aug. 14.

Eagle Rock still has the ability to increase the facility a further $20 million to $1 billion.

Two new lenders committed $135 million of the addition and two existing lenders increased their commitments by a combined $45 million.

All terms were unchanged.

Eagle Rock is a Houston-based natural gas company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.